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please i need done soon!!! You want to ifvest $15,000 and are looking for safe investment options, Your bank is offering you a certificate of
please i need done soon!!!
You want to ifvest $15,000 and are looking for safe investment options, Your bank is offering you a certificate of deposit that pays a nominal rate of 12\% that is compounded quarterly. What is the effective rate of return that you will earn from this investment? 12.734%6 12.551% 12.41094 12.636%6 Suppose you decide to deposit $15,000 in a savings account that pays a nominat rate of 904 , but interest is compounded dall, Based on a 365 -day year, how much would you have in the account after nine months? (Hint: To calculate the number of days, divide the number of months by 12 and multiply by 365, ) 516,047,52$16,689,42$16,369,47$15,566.09 Step by Step Solution
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